Business

MTN to pump over R450m into World Cup 2010

Cellphone operator MTN announced on Thursday that it will contribute R476-million towards sponsorship of the 2010 World Cup, the South African Broadcasting Corporation reported. MTN is the second company to announce a major sponsorship. First National Bank has already announced it will sponsor the soccer extravaganza to the tune of $30-million.

Cellphone operator MTN announced on Thursday that it will contribute R476-million towards sponsorship of the 2010 World Cup, the South African Broadcasting Corporation reported.

MTN is the second company to announce a major sponsorship. First National Bank has already announced it will sponsor the soccer extravaganza to the tune of $30-million.

Six major South African businesses, including these two, will officially back the 2010 Soccer World Cup in South Africa.

Multi-nationals like Coca-Cola, Visa and McDonalds will also sponsor the tournament through Fifa.—Sapa